The housing market in Lakin continues to see strong price appreciation, with values up 171.2% compared to last year. The median home price of $284,500 represents a substantial 171.2% increase from this time last year. With 4.0 months of supply, Lakin's inventory levels remain relatively tight. Homes are now taking an average of 155 days to sell, significantly longer than the 91 days typical for this market. A significant 25.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Lakin market with the affordability index at 850.5. Based on current market indicators, home prices in Lakin are projected to decrease by approximately 6.3% over the next month.